Did COVID-19 steal your sales? This is how 9 Latin American startups successfully entered e-commerce


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This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.


Technological innovation and process optimization are booming. Changes and restrictions in physical interaction since the pandemic have forced companies to change the way they operate and do business, the recent McKinsey & Company survey “What 800 executives envision for the postpandemic workface ” conducted of executives of companies around the world, shows that a third of companies have accelerated the digitization of their supply chains, half have accelerated the digitization of their customer service channels, and two-thirds have more quickly adopted artificial intelligence and automation.

Undoubtedly, the pandemic has shown us that the digitization of companies of any size is necessary and that being prepared and being able to adapt quickly is essential. There has been an important

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Amazon bets on Prime Day in Latin America to battle local rivals

By Daina Beth Solomon

MEXICO CITY (Reuters) – Amazon.com Inc’s total sales have soared during the coronavirus pandemic, yet in Latin America, the world’s biggest online retailer is locked in a dogfight with local rivals as it rolls out its Prime Day event in Mexico and, for the first time, Brazil.

During the Tuesday and Wednesday annual shopping event that spans 19 countries, the company will again showcase the discounts and free shipping that come along with a paid Prime membership – a strategy that has helped Amazon reel in repeat shoppers around the world.

Even so, analysts say Amazon faces an uphill battle in Latin America’s top two economies, where success or failure will set the bar for whether it can take on the rest of the region.

“Amazon in Latin America is not the monster that it is in the United States,” said Marcos Pueyrredon, president of Buenos

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How Digital Technology Could Lead The ‘New Business Normal’ In Latin America

Managing Director & Founder of the Biz Latin Hub Group.

The most significant technological advancements that currently shape our society and economy have emerged from challenging times. The internet, for example — without which our daily life as we know it would be possible — emerged in light of the Cold War, after the United States Advanced Research Projects Agency (ARPA) and MIT scientists invented a method to prevent communications from being affected in the event of an attack.

According to the UN, a report from the Economic Commission for Latin America and the Caribbean found that the Covid-19 pandemic is expected to result in the loss of 8.5 million jobs in Latin America and the Caribbean. It has produced new realities through which life and business have managed to get ahead. Digital technology has proven to be the great ally of humanity, facilitating the adaptation of economies

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Pyka Bets The Path To The Future Of Passenger Planes Runs Through Banana Plantations In Latin America

Oakland-based Pyka shares a goal common to many high-tech California aviation startups: to build an autonomous electric passenger aircraft. However, its first steps to get there have taken the company far away from the pack, first to New Zealand and now to banana plantations in Costa Rica and Ecuador, where it’s preparing to field a robotic crop-spraying airplane called Pelican that CEO Michael Norcia says will prove out technology he believes will lead the way to an era of green, low-cost passenger planes.

The fat-bellied, 500-pound plane can carry more than its weight in liquid pesticides or fertilizer, and is engineered to take off and land in a ridiculously short space: 150 feet, half the length of

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Cryptocurrency wallet BRD reaches 6 million users, driven by growth in Latin America and India

Mobile cryptocurrency wallet BRD announced today that it now has more than six million users worldwide, thanks to strong growth in India and Latin America. With this momentum, the company expects to reach 10 million users by early 2021.

Founded in 2015, Zurich-based BRD also said it now adds about one million new users every two months, after initially taking more than four years to hit the one million user mark. It reached 550,000 monthly active users at the beginning of July. Co-founder and chief executive officer Adam Traidman attributes the increased interest in cryptocurrency, especially among first-time users, to the COVID-19 pandemic.

“It’s causing a lot of people who are staying at home and sheltering in place to reconsider a lot of fundamental questions about their life and family right now,” he told TechCrunch. “It’s causing a lot of thinking about money and finances. People have had a lot

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Pandemic Pushes Millions Of Shoppers Online In Latin America

Latin America’s e-commerce industry is booming as millions of shoppers across the region venture online during the pandemic, many for the first time, forcing traditional businesses to adapt to survive.

The sector has been one of the big winners of the coronavirus outbreak as fears of infection and lockdown measures keep people at home.

“Covid-19 has been an accelerator of trends, and in electronic commerce it has been very powerful,” said Oscar Silva, an expert in global strategies with the consultancy firm KPMG in Mexico.

“More than 10 million Latin Americans who had never bought online now do so regularly,” he told AFP.

The dominant regional force is not Amazon or eBay but Mercado Libre, which has a similar business model and is present in 18 countries.

Despite the economic turmoil unleashed by the pandemic, the Argentinian company doubled its sales in the second quarter of this year thanks to

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